UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $3.94, for a total transaction of $3,942,261.56. Following the completion of the sale, the chief executive officer directly owned 10,321,821 shares in the company, valued at $40,667,974.74. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ishbia Mat also recently made the following trade(s):

• On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.93, for a total value of $3,932,255.82.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.
• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value of $3,662,100.84.
• On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.71, for a total value of $3,712,129.54.
• On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38.
• On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
• On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total value of $3,492,003.26.
• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.

UWM Trading Up 1.4%

Shares of NYSE UWMC traded up $0.06 during mid-day trading on Monday, reaching $3.98. The company had a trading volume of 11,460,335 shares, compared to its average volume of 18,066,492. The business’s 50-day moving average is $4.04 and its 200-day moving average is $4.88. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 66.25 and a beta of 1.93. UWM Holdings Corporation has a 52 week low of $3.38 and a 52 week high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. Equities analysts expect that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.1%. UWM’s dividend payout ratio (DPR) is 666.67%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Compass Point initiated coverage on UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 price objective on the stock. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Barclays lowered their target price on UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.24.

Hedge Funds Weigh In On UWM

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Investment Consultants LLC purchased a new stake in UWM during the third quarter worth $32,630,000. Tudor Investment Corp ET AL purchased a new position in shares of UWM in the 3rd quarter valued at $12,237,000. Alight Capital Management LP purchased a new position in shares of UWM in the 3rd quarter valued at $3,958,000. Vanguard Group Inc. raised its position in shares of UWM by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock worth $105,252,000 after acquiring an additional 1,010,907 shares in the last quarter. Finally, Luxor Capital Group LP purchased a new stake in shares of UWM during the 3rd quarter worth $7,473,000. 53.59% of the stock is currently owned by institutional investors.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.